Rossell Techsys Aims For Diversification Over Next 5 Yrs

Rossell Techsys Limited, a leading player in the aerospace and defense manufacturing sector, is charting an ambitious growth path following its strategic demerger from Rossell India in late 2024. Now operating as an independent entity, the company has sharpened its focus on Maintenance, Repair, and Overhaul (MRO), Electro-Mechanical Assemblies, and System Integration, while expanding into emerging sectors such as space, energy, and transportation.

In an interview with Bizz Buzz, Rishab Gupta, Managing Director of Rossell Techsys, said, “The spin-off empowered us to redefine our strategic direction with greater agility and sharper operational focus.” Since the demerger, the company has posted a 48 per cent jump in Q3 FY25 revenue, reaching Rs 75.99 crore. With confirmed purchase orders worth Rs 900 crore and long-term strategic agreements exceeding Rs 2,800 crore, Rossell is now building deeper global partnerships — including with Boeing, Lockheed Martin, and over 30 Fortune 500 firms — while aligning with India’s self-reliance goals.

How has the company evolved since its strategic spin-off from Rossell India?

Following its demerger from Rossell India in December 2024, Rossell Techsys entered a new phase of focused and independent growth. The spin-off empowered us to redefine our strategic direction with greater agility, sharper operational focus, and a stronger commitment to innovation. While the full impact will unfold over time, early indicators reaffirm that we’re on the right trajectory. In Q3 FY25, we recorded a 48 per cent increase in revenue, reaching Rs 75.99 crore — a testament to our operational strength and the trust of our global partners. Total confirmed POs stand at Rs 900 crore.

Looking ahead, we are actively investing in capability expansion, global partnerships, and sectoral diversification into areas like space, energy, transportation, and industrial systems. This autonomy positions us to move higher up the value chain, deepen customer relationships, and lead with technologies aligned to the future of the business. Long-term strategic partnership agreements with global customers amount to over INR 2,800 crore. We 26 global companies, including Lockheed Martin, Boeing, and several Fortune 500 firms.

What have been the key areas of growth for the company in India and other areas of operation?

Rossell Techsys has experienced robust growth across sectors such as Aerospace, Defense, Space, Energy, Transportation, Semiconductors and Industrial Systems. Our strategic diversification has allowed us to align with global trends and build a resilient, future-ready and robust portfolio.

Historically export-driven, with 99 per cent of revenue coming from exports until three years ago, we remain strong in our global markets — particularly as tier-one suppliers to major OEMs. In the last two years, however, we’ve also made substantial inroads into the Indian market, reinforcing our presence as a trusted partner in complex manufacturing and systems integration. Today, we serve over 30 leading global customers, and that base continues to expand. We contribute to various platforms primarily through electrical wire harnesses and interconnect systems, electrical panels, electronics systems and system integration. Our goal is to diversify via backward integration into components and forward integration into systems, over the next five years. We’re also investing in MRO (Maintenance, Repair, and Overhaul) capabilities and exploring ground-based defense technologies, positioning ourselves further up the value chain.

In addition, we are contributing to the space sector through involvement in satellite systems and viewing this area as a strategic frontier. In energy, we support sustainable transitions with precision reengineered assemblies — underscoring our intent to grow while driving innovation across emerging domains.

What has been the impact on Rossell Techsys’ fortunes during these war times?

We approach today’s geopolitical environment with sensitivity and responsibility. While there is increased global emphasis on defense readiness, our growth has been the result of sustained investments in quality, capability, and long-standing partnerships. We continue to support our global customers with reliable, consistent, and precise assemblies and solutions.

How can Rossell Techsys’ defense equipment fit into India’s scheme of things?

Rossell Techsys is well-aligned with India’s Atmanirbhar Bharat and Make in India initiatives. Our capabilities in high-reliability interconnect systems, embedded systems, and electrical panel assemblies support both indigenous programs and global platforms used by the Indian Armed Forces. We combine global quality benchmarks with agility in delivery, backed by local talent, made employable by the Rossell School of Learning, continuously enhanced robust infrastructure. Our expanding domestic footprint is contributing to India’s ambition to become a global hub for aerospace and defense manufacturing — while also enabling job creation and strengthening supply chains.

What policies would you like to see for the growth of the defense industry in India?

India’s defense sector is poised for strategic growth, and with the right policy support, it can become a global manufacturing and innovation hub. To unlock its full potential, we would welcome policies that simplify and streamline procurement processes, simplify import / export frameworks, and offer incentives for private-sector R&D. Support for infrastructure development, skill-building, and testing capabilities will accelerate innovation and help MSMEs and mid-sized companies scale sustainably. Policies that support funding for the private sector in technologies with both strategic and commercial relevance, will also open up wider markets and ensure long-term competitiveness. With a stable, innovation-driven policy environment, India can emerge as a global leader in defense and aerospace.

What technological changes, according to you, will boost the revenue of the company?

Technological advancement is a key revenue driver. We’re embracing Industry 4.0 practices - including automation, digital transformation and manufacturing, and smart factory systems - to enhance quality, reduce turnaround times, and increase scalability. By aligning with these trends and integrating them into our operations, we are positioning ourselves to unlock new revenue streams and future-proof our business.

What are Rossell’s future plans?

Our future strategy is centered on scaling up capacity, expanding into high-value segments, and broadening global reach. We plan to move beyond assembly manufacturing and offer complete solutions — including integrated systems, advanced testing, turnkey packages, and MRO services. Over the past two years, we’ve increased our R&D investment to 3–4 per cent of revenue, with a strong focus on automation, innovation, and operational optimization. Our infrastructure is designed to be scalable, giving us the flexibility to expand our facility footprint as and when business needs evolve.

We are also diversifying into space, semiconductors, energy, and industrial electronics — all aligned with long-term global trends. Domestically, we remain committed to India’s self-reliance agenda, and internationally, we are exploring new opportunities in Europe, Asia-Pacific, and Australia. Our vision is to build a resilient, future-ready organization with innovation, precision, and sustainability at its core.

Which are the countries of focus for the company?

Our primary focus markets include the US, Israel, Europe, and India. We’ve made significant progress in these regions and are now gradually expanding into other geographies.

What are your plans to upgrade the product portfolio?

We are a custom engineering and manufacturing organisation. Adding more customers is key to expanding what we develop and supply. We’re moving beyond build-to-print manufacturing to offer high-complexity, high-reliability systems such as embedded electronics, smart interconnects, and integrated assemblies for next-generation platforms. We have also introduced electrical MRO services into our offerings to provide full lifecycle support. In parallel, we are developing solutions for space, energy, and industrial sectors — leveraging our engineering expertise to serve both strategic and commercial needs. Our aim is to create a differentiated, scalable portfolio that delivers long-term value across high-potential and high growth sectors.

Are you looking at strategic partnerships?

Yes, strategic partnerships are a cornerstone of our growth roadmap. We are collaborating with global OEMs, technology providers, and Indian defense institutions to co-develop capabilities, enhance our offerings, and broaden market access. We are also building on our existing collaborations to expand their scope and deepen their long-term strategic impact.